daytrade diaries... july 29 part 2

Finally I get to do it once, lol.

Recovering from a weaker start this morning, Aussie shares are steady at midday, supported by gains in the banks after investment bank Macquarie Group said its operations are continuing to improve, and NAB agreed to acquire 80 per cent of Goldman Sachs JBWere¡¯s private wealth management business.

The S&P/ASX200 index is around the closing of yesterday 4169 pts and on the futures market the SPI 200¡¯s a little down

In economic news: The Housing Industry Association reports that sales of new homes rose 0.5 per cent in June, following a 5.7 per cent fall in May.

Turning now to market indices: the best performing sector at midday, is the Consumer Staples index up 63 points to 7,177. Shares in Goodman Fielder up 2.16 per cent at $1.42. Shares in Woolworths and Metcash are also stronger at noon.

The worst performer at midday is the Materials index is down 155 points at 10,963. Shares in Medusa Mining down 5.26 per cent to $2.52. Shares in Avoca Resources and Independence Group are also lower at noon.

In the morning I sold BLY @24c and back in 23.5c queue. BBI VPG and FMS all holding and a little down.

Happy Trading